Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

NATO state considers subjecting older citizens to military service

May 16, 2025

IMAGINE THAT: Homicides Are Down 60 Percent in Denver Following ICE Deportations

May 16, 2025

UFC Vegas 106 Fight Card Time, Date, Location, How To Watch & Stream

May 16, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Friday, May 16
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»Economy»80 Percent Tariff on China ‘Seems Right’ Says Trump, But It’s Nearly as Stupid
Economy

80 Percent Tariff on China ‘Seems Right’ Says Trump, But It’s Nearly as Stupid

Press RoomBy Press RoomMay 15, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

Credit Trump for the irony of the year in a pair of comments on Truth Social.


Comments of the Day

  • CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!
  • 80% Tariff on China seems right! Up to Scott B.

Irony of the Year

CLOSED MARKETS DON’T WORK ANYMORE!!!

No one has tried harder than Trump to make the US an island.

He wants production here, massive tariffs to stop imports, tariffs to balance the budget, and now he says an “80 percent tariff on China seems right”.

Nearly as Stupid

An 80 percent tariff is nearly as stupid as a 145 percent tariff because most trade with China would still stop. Trade might stop at 50 percent.

And it is US consumers who pay that tariff, not China.

Open Market

The US had a beautifully, nearly open market with Canada and Mexico until Trump came along and ruined it.

Reader: “Tariffs are reciprocal. All Canada has to do is to lower the tariffs they charge the US to what they want the US to charge them.”

Me: USMCA IS reciprocal right now. In extremely minor instances where it isn’t, TRUMP negotiated the deal.

Please read over and over Cheese Was a “Key Achievement” of Trump’s USMCA Trade Agreement

The above post contains over a dozen instances in which Trump bragged what a great deal.

It was such a great deal that Trump thanked Mexico and Canada. Notably USMCA is “Good for everybody – Farmers, Manufacturers, Energy, Unions – tremendous support. Importantly, we will finally end our Country’s worst Trade Deal, NAFTA!”

Good deal or not (and I think it was a very good deal for the US), the fact of the matter is Trump has no legitimate right to unilaterally break a deal ratified by the Senate 89-10.

Total Trade (Imports and Exports)

  • Mexico: 1.423 Trillion
  • Canada: 762 Billion
  • China: 583 Billion

Canada Fact Check

Yesterday, I did a Fact Check on Trump’s Claim “We Don’t Do Much Business with Canada”

“We don’t do much business with Canada from our standpoint, they do a lot of business with us.”

Canada is the second largest US trading partner after Mexico.

And the US exports more to Canada than any other nation in the world. Indeed, the US exports more to Canada than the entirety of the EU!

And Trump still does not understand who pays tariffs.

Today, Trump lectures the world on “open markets” what a hoot.


Read the full article here
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

Economy

WATCH: Josh Hawley Rips Insurance Companies for Lowballing Disaster Victims

May 16, 2025
Economy

California Loses Another Oil Refinery – Gas Prices to Rise 75% by 2026

May 16, 2025
Economy

Breitbart Business Digest: PPI Reports Shows U.S. Consumers Are Not Paying the Trump Tariffs

May 16, 2025
Economy

Eggflation Cracks: Egg Prices Plunge 39%

May 15, 2025
Economy

Tariffmageddon Fail: Retails Sales Edge Upward, Boosted By Restaurants, Appliances, and Furniture

May 15, 2025
Economy

Exclusive — Rep. Mark Harris: Target Is ‘Certainly Set’ on Reconciliation Bill

May 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

IMAGINE THAT: Homicides Are Down 60 Percent in Denver Following ICE Deportations

May 16, 2025

UFC Vegas 106 Fight Card Time, Date, Location, How To Watch & Stream

May 16, 2025

Despite Howls of Leftist Outrage, Polling Repeatedly Shows British Public Against Mass Migration

May 16, 2025

House Democrat to Introduce Reparations Resolution: ‘Moral and Legal Obligation’ for U.S. to Pay ‘Trillions’ of Dollars

May 16, 2025
Latest News

Powerful earthquake shakes Türkiye as Zelensky and Erdogan hold talks

May 16, 2025

CNN’s Scott Jennings Gets Democrat to Admit NY Case Against Trump Was Just Part of the Organized ‘Resistance’ (VIDEO)

May 16, 2025

After Reaching AGI Some Insist There Won’t Be Anything Left For Humans To Teach AI About

May 16, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

NATO state considers subjecting older citizens to military service

May 16, 2025

IMAGINE THAT: Homicides Are Down 60 Percent in Denver Following ICE Deportations

May 16, 2025

UFC Vegas 106 Fight Card Time, Date, Location, How To Watch & Stream

May 16, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.